| Human resource management software, as the name | | | | - Salary and Compensation Management - this module |
| suggests deals and manages complete details of the | | | | uses inputs of employees working hours and |
| employees of an organization. Companies have been | | | | attendance and then use it to compute the payroll |
| using such applications on a large scale as it efficiently | | | | details of the employees. The module enables |
| aids in data management of employees and various | | | | calculations of employee payments after considering |
| HR processes. Human resource management | | | | the relevant deductions and taxes. |
| software is also referred to as HRMS | | | | - HR Management - the module concentrates on |
| There were many functions that the human resource | | | | collection and maintenance of employee information |
| department of an organization needed to carry our | | | | like skills, compensation, personal details, demographic |
| manually. However, with the intricacies of the | | | | information, and other relevant information. An HR |
| processes and the increasing amount of data, there | | | | management module helps a great deal from the |
| was a need to the systems to be automated. HRMS | | | | process of recruitment to retirement. |
| suitably integrate human resource management and | | | | - Benefits Management - all the information related to |
| information technology, thus helping in planning and | | | | any additional allowances and benefits provided to |
| execution of automating HR processes. Human | | | | employees maintained in this module. This could include |
| resource management software forms a part of | | | | details about insurance policies, pension plans, stock |
| enterprise resource planning (ERP) application also, | | | | options, and so on. |
| which makes it possible for other modules of financial | | | | Human resource management systems also can be |
| applications to be integrated with it as well. HRMS | | | | equipped with advanced features like automated |
| gained primary importance after it was recognized that | | | | check writing for payrolls and compensation, send |
| employees and costs related to them (directly or | | | | relevant notifications to employees and/or other |
| indirectly) is a significant monetary business outflow. It | | | | departments generate other complex reports, and |
| was necessary to manage, administer and minimize | | | | analyze employee information for required business |
| these costs, and reduce the complexity of people and | | | | operations among many others. HRMS are capable of |
| performance management. Some of the major areas | | | | rendering services beyond conventional HR operations. |
| where human resource management software is | | | | Some versions of human resource management |
| effectively used are | | | | software also include features of content |
| - Attendance Management - this module is generally | | | | management and customized processes for improving |
| integrated with time collecting devices. The gathered | | | | communication among employees, thus reducing tasks |
| information about employees time and work hours is | | | | of HR administration to a considerable extent. |
| then used in evaluating cost accounting purposes. | | | | |